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Supermax Corp Bhd is facing a difficult operating environment with analysts forecasting widened losses in the near term. RHB Research indicated a decrease in net cash position from RM691mil to RM596mil for the quarter ending September 30, 2025.

The expected core losses for the financial year ending June 30, 2026, are RM67mil, while Kenanga Research anticipates a net loss of RM101mil for FY26. Despite investments in automation to improve operations, these measures may not offset high production costs. Target prices have been lowered to 34 sen by RHB and 24 sen by Kenanga.